SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 27, 2022

Schedule of Segment Reporting Information

The tables below present information about the sales and operating income of those segments.


First Quarter Ended March 27, 2022
(thousands)	Manufacturing		Distribution		Total
Net outside sales	$	979,609	$	362,566	$	1,342,175
Intersegment sales	18,976		3,168		22,144
Total sales	998,585		365,734		1,364,319
Operating income	170,544		45,966		216,510


First Quarter Ended March 28, 2021
(thousands)	Manufacturing		Distribution		Total
Net outside sales	$	600,756	$	249,727	$	850,483
Intersegment sales	13,808		1,403		15,211
Total sales	614,564		251,130		865,694
Operating income	78,429		21,175		99,604

Summary of the Reconciliation of Segment Operations

The following table presents a reconciliation of segment operating income to consolidated operating income:


	First Quarter Ended
(thousands)	March 27, 2022		March 28, 2021
Operating income for reportable segments	$	216,510	$	99,604
Unallocated corporate expenses	(37,894)		(19,217)
Amortization	(16,861)		(11,906)
Consolidated operating income	$	161,755	$	68,481

Summary of Reconciliation of Assets from Segment to Consolidated

The following table presents an allocation of total assets to the reportable segments of the Company and a reconciliation to consolidated total assets:


(thousands)	March 27, 2022		December 31, 2021
Manufacturing assets	$	2,359,183	$	2,031,465
Distribution assets	517,143		464,575
Assets for reportable segments	2,876,326		2,496,040
Corporate assets unallocated to segments	31,208		31,842
Cash and cash equivalents	63,846		122,849
Consolidated total assets	$	2,971,380	$	2,650,731